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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S m
558
November 15, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
Nov, 12
1938
Prevailing rate on:
Commercial paper (prime, 4 to 6 months).. 5/8-3/4
7/16
Bankers1 acceptances (prime, 90 days)....
Time loans (Stock Exchange, 90 days)..... 1 1/4

Nov. 5
1938

Oct, 15
1938

Nov. 13
1937

5/8-3/4
7/16
1 1/4

5/8-3/4
7/16
1 1/4

1
7/16
1 1/4

Rate on Stock-exchange call loans: l/
N e w . . . . . . . ............ ...
Renev.-al

1.00
1.00

1.00

1.00

1.00

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers' quotation)........
New issue 2/
Treasury notes, 3-5 years l/..,
Treasury bonds l/........ .T..............

.04
.03
*71
2.29

.04
.02
.69

.05

.08

Average yield on corporate bonds: j$/
Aaa
..................
Baa

3.10
5.24

1.00

1.00

1.00

.02

2.28

.66
2.28

.14
1,32
2.63

3.12
5.28

3.14
5.37

3.24
5.76

l/ Averages of daily figures.
2/ Rates shown for 1938 arc on 91-day bills5 that for 1937 is on tax-date bills
maturing about March 16, 1938.
3/ Averages of daily figures, week ending Friday.